S Chand and Company has received an approval for sale of the entire stake (i.e. 6.05% on fully diluted basis) held by the Company together with its wholly owned subsidiaries namely, Vikas Publishing House and Chhaya Prakashani in iNeuron Intelligence (iNeuron). The Company has entered into a non-binding term sheet with a prospective buyer for selling this entire stake. The Board of Directors of the Company at its meeting held on November 30, 2022 approved the same.
S Chand And Company is a leading Indian education content company in terms of revenue from operations in Fiscal 2016. It delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments.
